I'll try to post a couple of where is price going...daily chart

james16 Chart Thread

Just downloaded a new screen capture software so I will try to get some up tthis weekend. Keep in mind I'll be drinking beer tonight, so there may be some off the wall ones!!

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Perfectly Mike. I don't use the retracements quite as much as I did when I first learned of them. But I've always thought of them as looking for a bounce, rather than support for a continuation. I'll tuck this away. Thanks!! I've been watching 8500 ...

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If I may Han, here's how I see it. They don't have to line up exactly on top of one another. I look at confluence as zone, just like PPZ (of course the closer the better). As long as the PA bar "tests" the multiple levels of confluence I think it's ...

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Hi Mike. I've got a basic confluence question that your response bolded above triggered. Can't post a chart right now, but thought I would ask anyway. Let's say I have three confluences lined up, a PPZ, BRN and retracement level. For this one lets ...

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The good thing is there's a chance we'll get a shot at PA at 1.6000 again at some point. If not there then 1.5500 maybe.

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Hi Carnegie. On EURCHF I agree with the 1.3500 as FTA for the daily BUOB. After that I think you still need to be aware of the 1.3600 area. There are several spots in that area of support turning resistance and vice versa. There's so much "noise" in ...

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Hi ghous. Nice trades. Did you enter the weekly trades on the break or retrace entry?

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Hey carnegie. I suggesst focusing on the round numbers as Mike teaches them. A BIG round Number is 500 pip increments, so in your example BRN would 1.4000, 1.4500, 1.3500. If you use those as a filter until you are comfortable with those areas on ...

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Adi, I'm in this one too. 1.3000 area is a logical target. I think we need to be aware of the 1.3300 area as the FTA well. The bar has pretty much done as expected, retraced to the BRN and previous bar lows, and moved to FTA. At this point we can't ...

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Patience may pay off on this one. Take a look at 1.7500, with hidden bullish divergence showing. Of course, price could plow right through the BRN, but definitely worth watching.

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It certainly does indicate that it could be passing back through. But the candle just barely closed below the 1.3500 BRN and really right in the middle of the current ppz. in my opinion this one could go either way next week, or conslidate right ...

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Well it didn't quite make 132.00. It made it to 131.999 on my feed, and the last bar closed about 55 pips lower. Too bad this wasn't Wednesday, I would've like to have seen the reaction at this area earlier in the week. The last push down of the ...

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Not necessarily, however I am definitely have a bearish bias on this pair. I zoomed monthly in a bit. 1.4000 looks to be a strong level and has been support several of the last months. I won't be surprised if price moves back to that area. If it ...

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EURCHF. Friday candle testing 1.3500 after consolidating below and breaking through resistance. Will it hold as support? Or will it pass back through?

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So let's find a couple of areas for next week... EURAUD, 1.4000 has been strong support, with a nice consolidation area above. Price broke through pretty strongly with the Friday candle. I'll be watching for a pullback to test 1.4000 as resistance.

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Hi Jarroo. What do you think of GJ. Does this have a rac look to you? Trendline, RN 132, PPZ, 50 retrace confluence. Touch of trendline at 132 and price likely to move south? Also 61.8 fib near 132 from most recent swing high.

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Those huge continuation bars out of consolidation at BRN's are quickly becoming some of my favorite bars/locations. I believe I'll be doing some backtesting on these bars over the weekend! Beautiful tade Mike!

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Keep in mind I'm a newbie still in demo, but here is something you can try. Chart those set-ups and mark the FTA. How often does price make it there? If you are getting to your FTA and were to take profit and bag 40 pips with 100 pip S/L you would ...

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I have been demoing an Oanda account using Fxpro for charting for about 6 months. I am in process of funding a small Oanda account and will trade live (when ready) the same way, charting on Fxpro or another broker. To me the most critical thing is ...

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